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CHANGE IN RATINGS
3D Systems (DDD) was downgraded to hold at TheStreet Ratings.
DHT (DHT) was initiated at UBS with a buy rating. Driven by uptick in spot rates and upside from positive crude trends, UBS said. Twelve-month price target is $10.
Exelis (XLS) was upgraded to hold at TheStreet Ratings.
Lowe's (LOW - Get Report) was upgraded at Oppenheimer to outperform. Estimates were also increased, as sales should pick up, along with the weather, Oppenheimer said. Twelve-month price target is $57.
Nucor (NUE) was downgraded at Credit Suisse to neutral from overweight. Valuation call, based on a 12-month price target of $50, Credit Suisse said.
Pinnacle (PNK) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $28. Consensus estimates are likely too high, Deutsche Bank said.Scorpio Tankers (STNG) was initiated at UBS with a buy rating. Driven by bullish outlook on product tanker market and substantial cash flow, which should increase dividends, UBS said. (TEVA - Get Report) was upgraded at J.P. Morgan to neutral. Twelve-month price target is $49. Company has several potential paths to creating shareholder value, J.P. Morgan said. US Steel (X) was downgraded at Credit Suisse to underperform from neutral. Twelve-month price target is $19. Emerging-market demand is a drag for the entire industry, Credit Suisse said.
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